French hypocrisy Vive l’hypocrisie

Listen to the French establishment these days and you would be forgiven for thinking that they were peace-loving paragons of corporate governance. Hostile bids? Oh no, that’s just those aggressive Italians at Enel. Double voting rights? What an affront to shareholder democracy! How could those Anglo-Indians at Mittal even think of offering second-class paper to Arcelor shareholders? No, we French only like to do deals on the basis of clear industrial plans - agreed by both companies and availab...